Germany's economy, boosting growth significantly, the head of the Kiel Institute for the World Economy (IfW) said on Tuesday."An effective vaccine with few side effects changes everything," Gabriel Felbermayr told Reuters.An aggressive second wave of infections and a new partial lockdown to slow the spread of the disease have clouded the growth outlook in Germany.Germany has closed bars, restaurants, cinemas and gyms for a month until the end of November.
Schools and shops remain open under certain conditions.Felbermayr said if, in a first step, a vaccine could protect vulnerable groups of people, many cultural activities could resume and restaurants and hotels could re-open.